https://www.taxtmi.com/caselaws?id=796498 Cash deposits were not established as sales receipts during the demonetisation period because complete corroborative evidence and a verifiable nexus with recorded sales were lacking. The double-taxation claim could not be accepted on the available material, and treating the deposits as unexplained cash credit was not inherently unjustified. However, bank statements and remand material had only partly been examined, and the estimated cash-in-hand acceptance was not correlated with verifiable records. The addition was therefore restored to the Assessing Officer for fresh adjudication after allowing the assessee to provide supporting evidence. en-us Thu, 22 Jan 2026 00:00:00 +0530 Thu, 06 Aug 2026 09:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796498 Cash deposits were not established as sales receipts during the demonetisation period because complete corroborative evidence and a verifiable nexus with recorded sales were lacking. The double-taxation claim could not be accepted on the available material, and treating the deposits as unexplained cash credit was not inherently unjustified. However, bank statements and remand material had only partly been examined, and the estimated cash-in-hand acceptance was not correlated with verifiable records. The addition was therefore restored to the Assessing Officer for fresh adjudication after allowing the assessee to provide supporting evidence. Case-Laws Income Tax Thu, 22 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796498